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Re: st: Interpreting Regression estimate


From   Argyn Kuketayev <akuketayev@mail.primaticsfinancial.com>
To   statalist@hsphsun2.harvard.edu
Subject   Re: st: Interpreting Regression estimate
Date   Mon, 23 May 2011 17:11:30 -0400

exp both sides

Y(i) = Y(i-1) / sqrt(RER)

currency appreciation is depressing the output rate. you're probably
talking about the export oriented economy.

2011/5/23 Gabriel Nicolás Michelena <hmg@mrecic.gov.ar>:
> Hi statalisters,
>
>
> I have a Panel Data model where the dependent variable is the growth
> rate of industrial Output (dln Y), whereas the dependent variable is the
> real exchange rate in logs(ln RER). What I try to analyze is whether a
> depreciated exchange rate has a positive or negative effect on
> industrial output growth.
>
> My specific question is about how to correctly interpret the estimated
> effect, given that the dependent variable is on log differences, while
> the independent is in logs.  In this case, an increase in the RER imply a currency aprecciation (Foreign
> currency/Local Currency).
>
> The beta coeficients associated to the Ln RER is = -0.486
>
> I´ll apreciate any comment.
>
> Greetings
>
>
>
> --
>
>
> Lic. Gabriel Michelena
>
>
>
>
> Centro de Economía Internacional
>
> Ministerio de Relaciones Exteriores, Comercio Internacional y Culto
>
> Esmeralda 1212 - 2° Piso - Oficina 201
>
> Ciudad Autónoma de Buenos Aires. ( C100 7ABR ) Argentina
>
> Tel: (+5411) 4819-7000. Interno 7485
>
> Fax: (+5411) 4819-7484
>
> URL: http://www.cei.gob.ar/
>
> E-mail: hmg@mrecic.gov.ar
>
>
> *
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> *   http://www.stata.com/help.cgi?search
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>



-- 
Argyn Kuketayev

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